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Turkish defence giant struck by economic fallout from Syria incursion
Ahval ^ | Jan 25, 2018 | none stated

Posted on 01/25/2018 3:49:59 PM PST by Texas Fossil

Turkey’s defence corporation Aselsan could be one of the first economic casualties of the ongoing Turkish military operation in northern Syria, after it was forced to cancel its planned secondary public offering to foreign investors.

Aselsan is the world’s 58th largest defence company, with exports accounting for a large portion of its annual revenue of $1.7 billion. It is also a main provider of equipment and electronic defence systems for the Turkish military.

The proposed secondary public offering fell through due to the lack of a suitable offer, a company representative said in a statement to the Istanbul Stock Market.

(Excerpt) Read more at ahvalnews.com ...


TOPICS: Foreign Affairs; News/Current Events
KEYWORDS: defence; economic; syria; turkey
This is a larger piece of the snapshot of Turkey today.
1 posted on 01/25/2018 3:49:59 PM PST by Texas Fossil
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To: Texas Fossil
I suppose Bilal Erdogan’s business is not doing well. All those lucrative war-profiteering opportunities are probably gone by now. Maybe he can recover by selling Iranian oil through Turkey.
2 posted on 01/25/2018 4:31:45 PM PST by TigerLikesRooster (dead parakeet + lost fishing gear = freep all day)
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To: TigerLikesRooster

The failure of this secondary offering which was made on Dec 27th has nothing to do with the incursion into Syria a month later.


3 posted on 01/25/2018 5:03:17 PM PST by mac_truck (aide toi et dieu t'aidera)
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To: TigerLikesRooster

Continuing? smile.


4 posted on 01/25/2018 5:13:53 PM PST by Texas Fossil ((Texas is not where you were born, but a Free State of Heart, Mind & Attitude!))
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